Beaumont Financial Partners LLC is a large advisory firm based in Needham. It manages $2.03 billion of regulatory assets for 3,015 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 24 other states.
Beaumont Financial Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and wrap programs/model manager/sub-advisor. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Beaumont Financial Partners LLC is $2.03 billion. The firm's AUM has grown by 295% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Beaumont Financial Partners LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Beaumont Financial Partners is individuals with 1,115 clients and $884.32 million of assets under management. Among the 9 most similar advisory firms, Beaumont Financial Partners has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $2.03 billion for 1,244 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Beaumont Financial Partners doesn't advise any private funds.
The company employs 45 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. 34 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michael Peter Stack has served as the Chief Investment Officer since 1 Jul 2009. Michael Harris Snyder joined the executive team most recently as the Chief Compliance Officer.
The principal office where Beaumont Financial Partners LLC performs its advisory services is located at 250 1 St Avenue, Needham, MA 02494, which is also the mailing address of the firm. An additional office of the firm is in Wayne, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 781-400-2800 or by fax 781-400-2879. The normal business hours are 8:30 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at bfpartners.com.